EBET operates and develops award-winning, groundbreaking and engaging wagering products for bettors around the world. The company is focused on bringing better entertainment and technology solutions to cater to the Millennial and Gen-Z demographics in the wagering space. EBET operates online sportsbook and casino brands Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, GenerationVIP and Gogawi, which have over 1.4 million deposited customers in more than 15 countries. The company recently was awarded Esport Product of the Year at the 2021 SiGMA Europe and the 2022 SiGMA Asia and SiGMA Americas Awards. Its brand Karamba received SBC's award for Innovation in Casino & Gaming Entertainment and the 2022 SiGMA Americas award for Online Casino of the Year. For more information, visit: https://ebet.gg/.
Company profile
Ticker
EBET
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
eSports Technologies, Inc., Esports Technologies, Inc.
SEC CIK
Corporate docs
Subsidiaries
Global Esports Entertainment Group, LLC • Esports Tech Holdings LLC • Esportsbook Technologies Ltd. • ESEG Ltd. • Gogawi Entertainment Group • Esports Product Technologies Malta Ltd. • Esports Marketing Technologies Ltd. • Karamba Ltd. • Esports Product Trading Malta Limited ...
IRS number
853201309
EBET stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
19 Sep 23
8-K
Other Events
28 Aug 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
21 Aug 23
10-Q
2023 Q3
Quarterly report
14 Aug 23
8-K
Other Events
14 Aug 23
8-K
Other Events
7 Aug 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
4 Aug 23
8-K
Amendments to Articles of Incorporation or Bylaws
28 Jul 23
8-K
Other Events
20 Jul 23
8-K
Entry into a Material Definitive Agreement
3 Jul 23
Transcripts
Latest ownership filings
4
Matthew Lourie
13 Mar 23
4
Aaron Speach
23 Feb 23
3
Initial statement of insider ownership
15 Feb 23
SC 13G
CP BF Lending, LLC
14 Feb 23
4
Christopher Downs
10 Feb 23
4
Matthew Lourie
10 Feb 23
4
Dennis Neilander
10 Feb 23
4
Michael Nicklas
10 Feb 23
SC 13G
CVI Investments, Inc.
8 Feb 23
4
Matthew Lourie
11 Jan 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Sep 22 | Sep 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.44 mm | 1.44 mm | 1.44 mm | 1.44 mm | 1.44 mm | 1.44 mm |
| Cash burn (monthly) | 677.10 k | 454.22 k | 14.58 mm | 5.59 mm | 102.53 k | 833.25 k |
| Cash used (since last report) | 1.91 mm | 1.28 mm | 41.06 mm | 15.73 mm | 288.79 k | 2.35 mm |
| Cash remaining | -469.36 k | 158.39 k | -39.62 mm | -14.29 mm | 1.15 mm | -909.21 k |
| Runway (months of cash) | -0.7 | 0.3 | -2.7 | -2.6 | 11.2 | -1.1 |
Institutional ownership, Q2 2023
1.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 23 |
| Opened positions | 7 |
| Closed positions | 9 |
| Increased positions | 2 |
| Reduced positions | 5 |
| 13F shares | Current |
|---|---|
| Total value | 1.83 bn |
| Total shares | 5.40 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| CVI Investments | 1.96 mm | $1.82 mm |
| Nantahala Capital Management | 1.07 mm | $125.72 mm |
| NewGen Asset Management | 895.49 k | $105.67 mm |
| CIBC World Markets | 580.26 k | $70.00 k |
| We Are One Seven | 256.07 k | $30.22 mm |
| Virtu Financial | 126.12 k | $15.00 k |
| Millennium Management | 116.78 k | $13.78 mm |
| Renaissance Technologies | 111.51 k | $13.00 k |
| HRT Financial | 94.72 k | $11.00 k |
| Geode Capital Management | 80.21 k | $9.47 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Mar 23 | Matthew Lourie | Common Stock | Option exercise | Acquire M | No | No | 0 | 7,500 | 0.00 | 45,000 |
| 9 Mar 23 | Matthew Lourie | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 7,500 | 0.00 | 57,250 |
| 22 Feb 23 | Aaron Speach | Common Stock | Buy | Acquire P | No | No | 0.54 | 18,611 | 10.05 k | 743,611 |
| 9 Feb 23 | Michael Nicklas | Common Stock | Option exercise | Acquire M | No | No | 0 | 6,300 | 0.00 | 6,300 |
| 9 Feb 23 | Michael Nicklas | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 6,300 | 0.00 | 100,000 |
| 9 Feb 23 | Matthew Lourie | Common Stock | Option exercise | Acquire M | No | No | 0 | 7,500 | 0.00 | 37,500 |
| 9 Feb 23 | Matthew Lourie | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 7,500 | 0.00 | 64,750 |
| 9 Feb 23 | Dennis Neilander | Common Stock | Option exercise | Acquire M | No | No | 0 | 6,300 | 0.00 | 6,300 |
| 9 Feb 23 | Dennis Neilander | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 6,300 | 0.00 | 75,000 |
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Press releases
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